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I wonder if there are clauses in CBS’s naming agreement regarding a disrepute to the brand. Secondly, I wouldn’t be surprised to see a term that requires wasps to have CCFC as tenants

The EFL could be circumspect in terms of fining the club. DCMS are likely to take a dim view of that due to the fact that the UK has a strategic aim to attract major international events to the country. If some of our stadia are put off staging them due to EFL regulations, then it affects any...

This is undermining our season and it's very bad for the clubs, already fragile, finances. Any litigation will take months if not a year to be realised. The backlog in our legal system is very large. I wouldn't be surprised if this didn't lead to a "fire sale" of one or more of our players. The...

Could this mean that Richardson has potentially given himself and his company preferential treatment in the event of liquidation??? I'd be interested to hear knowledgable people from the sectors view on this.

The rumour from Derby fans was Rosinior was watching Walker last night. Not Waggy

Given Wasps holdings end of year was 30 June. It'll be interesting to see the accounts for 2022. They'll make grim reading and any bond holder will surely know the business is not sustainable.

Thanks MarcSB, I wonder if they are spinning a line so they can start the season. However, if they go into administration prior to the start of the season.... there is a possibility that the players could find themselves "new employers".

The interest rate reflects the added "risk". However, I would doubt that they would ever receive that interest payment

At what point will the bond holders decide they’ve waited long enough to realise some payment. Given the year on year losses they could decide that waiting another year or two would lead to even less money being paid. I’ve seen no evidence that wasps business plan is working

I would be interested to hear what someone more knowledgable than me on these matters has to say. My understanding is that most of the bonds will be held by brokers on behalf of their clients AND those clients will need to communicate directly with those brokers, as to their views. Secondly, is...

The issue with this type of injury is that it is difficult to give an exact timescale, due to the internal bleed, which can hide the extent of the damage. Therefore, I don't think that MR knows yet the depth of the injury. If the club blindly made an assessment of "X" weeks without taking into...

This demonstrates that after Hamer & Sheaf we have a big drop in quality in midfield

Exactly - this could lead to contagion of holders looking to cut their loses by seeking liquidation

I think they'll find it difficult as my understanding of a CVA is they'll need 75% of bond holders to agree. If one of the major bond holders decide they are more likely to reduce their loses by putting Wasps into liquidation and regaining some value from the sale of the stadium. Currently...

This is a very interesting and it usually on takes on significant bond holder to decide to cut their loses and seek to recover some value for contagion within other financial institutions to take grip. So …. How much do they think the stadium is worth?

I think we need to also take account of the current wages outgoings to players, which if I understand SBB correctly, suggests our wage bill was in excess of income.....hence some of the transfer fee will need to subsidise current expenditure.

This does raise the issue of why did Wasps hire the arena out for concerts when they already had the CWGs commitments? They would have known that they needed time to establish a new pitch and by accepting those bookings they were negligent.

Coventry Building Society must be concerned about the negative news connected to them and the stadium. They’ve not paid serious money for this!

Wasps problems were highlighted in the end of year accounts for June '21: "Material uncertainty related to going concern We draw attention to note 2 in the financial statements, which indicates the existence of a material uncertainty which may cast significant doubt over the group’s and the...

Just because it's green in colour doesn't mean it's in good condition. The failure to relay the pitch and holding those concerts on it were always going to cause problems.